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I am a realtor. This is my 1st tax return. I have a T4 showing gross commissions. My parent company took a portion of fees. How do a I report that fee? Reduce taxable?
kcarrigan18
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I am a realtor. This is my 1st tax return. I have a T4 showing gross commissions. My parent company took a portion of fees. How do a I report that fee? Reduce taxable?
Do I report Gross Commissions then the fees separate?
June 14, 2022
3:41 PM
TurboTaxBrenda1
Level 15
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You need to enter your T4. If you weren't given a slip showing the fees taken you will not be able to claim it.
Real Estate Agents and Income Taxes
Thank you for choosing TurboTax.
June 16, 2022
1:18 PM
